Financial News

Threat of trade war sinks stocks

The threat of a trade war with China sent the markets plunging to close sharply lower with the Dow collapsing 420 points to 24,608. Nasdaq plummeted 92 points to 7180.


On the upside


Bargain hunters lifted shares of LendingClub (NYSE: LC).


3D Systems (NYSE: DDD) reported preliminary fourth quarter earnings that were better than expected.


Harmonic (Nasdaq: HLIT) reported a smaller than expected loss for the fourth quarter.

On the downside


Portola Pharmaceuticals (Nasdaq: PTLA) widened losses for the fourth quarter as revenue plunged.


WageWorks (NYSE: WAGE) delayed the release of its fourth quarter and full year results.


Fourth quarter earnings and revenue for Monster Beverage (Nasdaq: MNST) fell short of analyst expectations.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 plummeted 36 points to 2,677. Bitcoin rocketed $612 to $11,021.


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